QUOTES

Contract Last Price Volume Change % Open Interest
Last Updated:18 Apr 2019 09:22:22

PRODUCT

FUEL OIL FUTURES

Singapore is currently the largest bunkering port in the world, supplying approximately 50 million metric tons of marine fuel oil annually. The maritime industry remains a huge part of the Singapore Economy, contributing around 7% to Singapore's Gross Domestic Product (GDP).

As fuel costs remain the biggest cost item for shipping companies, huge price fluctuations in marine fuel oil prices can adversely affect operational costs for many companies, which can potentially cause a ripple effect on the Singapore economy.

In light of the current situation, APEX launched the 380cst Fuel Oil Futures Contract, to create a platform for Energy industries and Financial institutions to hedge and invest in the fuel oil market.

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CRUDE PALM OIL FUTURES

The APEX Crude Palm Oil Futures Contract is the second in the palm oil series and also holds similar features to the first product, APEX RBD Palm Olein Futures Contract. APEX Crude Palm Oil Futures will operate in parallel with the APEX RBD Palm Olein Futures and increase the arbitrage opportunities available in the palm oil market.

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RBD PALM OLEIN FUTURES

APEX is targeting to launch its first product, a refined palm olein futures contract. The key advantages of palm olein futures are: FOB physical delivery with delivery ports that are located Malaysia and Indonesia along the Straits of Malacca. 85% of global palm oil production and 91% of international palm trade takes place in Malaysia and Indonesia.
By using USD as the pricing currency and accepting RMB and other currencies as acceptable margin collateral, APEX’s palm olein futures contract is in line with international trade practices and avoids the risk of currency price fluctuations.
With the impending launch of APEX’s palm olein futures contract, it aims to provide an alternative venue to the global palm oil trading industry and serves as a new avenue for hedging and arbitraging purposes.

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USD/CNH FUTURES

With the acceleration of the internationalization of the Renminbi (RMB), the international status of the RMB has been on the rise. The RMB is widely used in global trade and investment, and increasingly becoming one of the important international reserve currencies. The pace of reform of the RMB exchange rate regime is gaining momentum at the same time with greater international trade flows, resulting in trends of higher volatility and increased fluctuation in both directions of the exchange rate.

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ABI Singapore LSFO 0.5%S Futures

In light of IMO MARPOL regulations to reduce the Sulphur limit of marine fuel from 3.5% to 0.5% from January 2020, APEX have launched the Argus Bunker Index (ABI) Singapore LSFO 0.5%S Futures Contract to provide market participants the necessary tool to hedge and manage their price risks.

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Low Sulphur Fuel Oil Futures

Asia Pacific Exchange (APEX) has launched the Low Sulphur Fuel Oil Futures Contract (LFO Contract) at 9pm on 21st Nov 2019. The LFO Contract is the first deliverable product worldwide to facilitate hedging and FOB physical delivery of low Sulphur fuel oil.

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MEDIA

ABOUT APEX


Asia Pacific Exchange-APEX, is an international derivatives exchange approved by the Monetary Authority of Singapore, the third exchange with the “Approved Exchange” and “Approved Clearing House” licenses in Singapore. APEX’s business scope covers futures and options contracts covering both commodity and financial derivatives products, including derivative products in the asset classes of agriculture, energy, petrochemical, metal, foreign exchange, interest rates, bond and stock indices.

The vision of APEX is to root itself in Singapore, covering the Asia Pacific region with an international outlook. APEX aims to establish a leading commodity and financial derivatives trading center, providing Asian pricing benchmarks for commodities and a new Asian financial derivatives risk management platform.